2023 MDL to GHS Historical Review

YEARLY HIGH

0.6958 GHS

YEARLY LOW

0.4359 GHS

YEARLY AVERAGE

0.6461 GHS

2023 MDL to GHS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MDL to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 0.6958. Conversely, the yearly low was recorded on January 1, dropping to 0.4359.

This high-to-low spread represents a total annual volatility of 0.2599 GHS. From a start-to-finish perspective, comparing the January average rate of 0.6033 to the December average rate of 0.6829, the exchange rate registered a net change of 13.20% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6958 was down 8.67% compared to the 2022 peak of 0.7618, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 MDL based on timing:

Yearly Peak High 3,479 GHS

2022 Average 2,376 GHS

Yearly Trough Low 2,180 GHS

Transaction Impact: A difference of 1,299.31 GHS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6908

0.5953

JanuMarcMayJulySeptNove

MDL to GHS Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.6397, compared to 0.6526 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0129 points.

H1 Avg (Jan–Jun) 0.6397

H2 Avg (Jul–Dec) 0.6526

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.2320 GHS (High: 0.6679 / Low: 0.4359). On the other end, September was the most stable month, with a tight range of 0.0095 GHS (High: 0.6429 / Low: 0.6334).

January Spread (Volatile) ±0.2320

September Spread (Stable) ±0.0095

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0282 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0282

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.6829) against the same month in 2022 (average: 0.5751), the exchange rate shifted by +0.1077 (+18.73%).

2023 Avg (December) 0.6829

2022 Avg (December) 0.5751

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6679	0.4359	0.6033
February	0.6860	0.6424	0.6652
March	0.6774	0.6366	0.6627
April	0.6725	0.5905	0.6345
May	0.6636	0.6029	0.6396
June	0.6424	0.6230	0.6327
July	0.6707	0.6177	0.6378
August	0.6440	0.6308	0.6379
September	0.6429	0.6334	0.6392
October	0.6570	0.6357	0.6487
November	0.6793	0.6575	0.6692
December	0.6958	0.6709	0.6829